Dogecoin (DOGE), the leading meme-coin cryptocurrency, may be set to execute an exponential surge in the coming weeks leading to $2. One analyst hints that a bullish market could send the meme coin to a new all-time high by the end of Q1 2025 in March. A surge to $2 would require DOGE to climb by over 800%, a surge not seen in a long time.
While the meme coin remains volatile, heightened market interest could propel the coin to new highs in the coming months. This week, Binance US officially resumed USD services in a major boost for cryptocurrency traders. The move allows users to deposit, withdraw, and trade Dogecoin (DOGE) against the dollar. The move comes as regulatory changes in the U.S. have eased restrictions on digital asset exchanges, sparking renewed interest in meme coins. As dogecoin is the head of the pack, it expects to see the biggest climb. Currently, DOGE is down over 12% in the past week, but a rebound appears imminent with bullish sentiment climbing.
Dogecoin’s trading volume surged following the Binance announcement, giving DOGE a slight boost to $0.25. The asset has since corrected, but the 24-hour trading volume remains high. This further supports the notion that traders and investors have their eyes on DOGE and are accumulating in expectation of a price climb.
Dogecoin ETF To Cause Surge?
Furthermore, Dogecoin is also gaining widespread attention due to DOGE ETF developments. Grayscale has filed for a Dogecoin ETF, which was recently acknowledged by the US SEC. While the SEC’s acknowledgment does not necessarily imply approval, it does indicate how the new regime is open toward innovation and new product ordeals in the realm. This move has been deemed bullish by many, which may help assets like DOGE gain incredible price momentum if the US SEC ends up greenlighting the ETF proposal.
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While $2 may be a bit too bullish for the meme coin to hit in the next month, a surge is still expected. Per CoinCodex, DOGE is brewing an incredible high, surging 235% in the process to hit the $0.84 mark by March 22. Further, the token is expected to stabilize around $0.45 around May 2025.
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